Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
AUDUSD has been overall bearish and it is currently sitting around a resistance zone, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
AUDUSD is forming a channel in red. For the bears to take over, we need a break below the last low in gray.
Meanwhile, until the sell is activated, AUDUSD can still trade higher inside the weekly blue resistance.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on WEEKLY: Left Chart
AUDUSD has been overall bearish and it is currently sitting around a resistance zone, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
AUDUSD is forming a channel in red. For the bears to take over, we need a break below the last low in gray.
Meanwhile, until the sell is activated, AUDUSD can still trade higher inside the weekly blue resistance.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich